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RE: Bitcoin (BTC) Mid-Day Update: Just Beautiful!

in #bitcoin7 years ago

I provide analysis and graph. Possible route from the BTC to the Target of 18,000 dollars

There still will be one more wave of correction see point C

From there a rise to point 1 that corresponds to the 11,700 dollars and retension of support point 2

Up to 15,500 dollars point 3, coinciding with the fibonacci line of 0.236 and a long-term resistance line.

Correction to support of 15,300 dollars and from there to point 5, coinciding with the fibonacci line of 261%, target 18,000 approximately, quite achieved in the second wave cycles

Captura de pantalla 2018-02-26 a las 5.45.56 p.m..png

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I have posted a similar chart on this blog as well. I've labeled your blue ABC as WXY because an ABC has 5-3-5, whereas WXY has 3-3-3 (which is confirmed by both of your red abc zigzags).

Lets see who's right. 😉

Fundamentals are bullish; Technicals are still mixed imho

It's good, confirms the analysis